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Home > Legal Research > Glossary

Discretionary trust

Definition
: a trust that gives the trustee authority to exercise his or her discretion in distributing principal or income to the beneficiary

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com

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Discretionary trust